2014 Cornelius Waterfront Real Estate Market Review
The Cornelius waterfront real estate market had a slight decline in total sales, down 5.2% from 2013. This can be attributed to low inventory and higher prices.
The average sales price increased 12.5% from the 2013 average sales price. It was the highest average sales price since 2008. Limited inventory created competition for fewer listings, thus increasing prices.
The median sales price increased a whooping 31% from the 2013 median sales price. It was the highest median sales price since 2008.
The average price per square foot increased 7.8% from the 2013 average price per square foot and was the highest since 2008.
The average days on the market decreased 19% from 2013 and was the shortest marketing time since 2009.
Please feel free to call or email me anytime to discuss market conditions in your neighborhood as I would love to talk and provide you with additional insight, discuss listing your property or talk about purchasing real estate in Cornelius and the Lake Norman area.
Stay up to date on the Cornelius real estate market with our free market snapshot reports: Free Cornelius Real Estate Market Updates
Leave a Reply
You must be logged in to post a comment.
